Cars.com Inc. has reported its financial results for the fourth quarter and full year ended December 31, 2025. The company achieved a record full-year revenue of $723 million, representing a 1% increase compared to the previous year's revenue of $719.2 million.
In terms of net income, there was a notable decrease. The net income for the fourth quarter of 2025 was $7.4 million, down 57% from the $17.3 million reported in the same period in 2024. For the full year, the net income was $20.1 million, a 58% decrease from the $48.2 million reported in 2024.
Adjusted net income also saw a decline, dropping 16% in the fourth quarter of 2025 compared to the same period in 2024. For the full year, adjusted net income was $108.1 million, representing a 6% decrease from the $114.9 million reported in the previous year.
Adjusted EBITDA for the fourth quarter was $54.9 million, a 1% decrease from the $55.5 million reported in the same period in 2024. However, for the full year, adjusted EBITDA increased by 1%, reaching $211.1 million compared to $209.7 million in 2024.
The company's average monthly unique visitors decreased by 15% quarter-over-quarter and 6% year-over-year. Likewise, traffic (visits) decreased by 11% quarter-over-quarter and 3% year-over-year.
Despite the challenging financial performance, the company repurchased 7.1 million shares for $86 million in 2025, retiring 9% of shares outstanding.
Looking ahead, the company expects first quarter 2026 revenue to be flat to up 1% year-over-year, with adjusted EBITDA margin expected to be between 26.0% and 27.0%. For the full year 2026, revenue is projected to be flat to up 2% year-over-year, with adjusted EBITDA margin expected to be between 29.0% and 30.0%.
Following these announcements, the company's shares moved -0.5%, and are now trading at a price of $11.97. For the full picture, make sure to review Cars.com's 8-K report.
